Ask Question
6 January, 03:51

Suppose $2000 is deposited in an account paying 2.5% interest compounded quarterly. What will the account balance be after 12 years?

+5
Answers (1)
  1. 6 January, 04:19
    0
    A=p (1+i/m) ^mn

    A=2000 (1+0.025/4) ^4*12

    A=2,697.2
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Suppose $2000 is deposited in an account paying 2.5% interest compounded quarterly. What will the account balance be after 12 years? ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers